Shares on both of the nation’s stock exchanges climbed again on July 17 after brief declines on the previous day.

On the HCM Stock Exchange, the VN-Index rose 0,86 percent to close at 417,55 points, while the value of trades rose by 40 percent from the previous day to nearly 782,7 billion VND (37,3 million USD).

Advancers overwhelmed decliners by 199-36, once again led by blue chips. The VN30 Index, tracking the 30 leading shares by market capitalisation and liquidity, rose 0,9 percent to close at just over 493 points. Tan Dao Investment Industry (ITA) was the most active share on the HCM City market, with 1,75 million shares exchanged before closing up by 3 percent to 6.900 VND per share.

On the Hanoi Stock Exchange, the HNX-Index also gained 2,3 percent to end the session at 71.40 points. The value of trades jumped 21 percent over July 16’s level, reaching nearly 370 billion VND (9.6 million USD) on a volume of 40.5 million shares. The HNX30 Index also rose by 3.66 percent to close at 136.23 points.

Securities companies were the biggest gainers on both exchanges, largely on the strength of improved earnings in the first half of this year. Sai Gon Securities Inc (SSI), HCM City Securities Co (HCM), Bao Viet Securities Co (BVS) and VNDirect Securities Co (VND) all hit their ceiling prices after reporting high profits in the first six months ranging from 60 billion VND (2.9 million USD) to 348 billion VND (16.6 million USD).

VNDirect Securities (VND), with nearly 4.6 million shares exchanged, was again the most active share on the day, closing at its ceiling price of 10,700 VND.

Foreign investors continued to be net buyers on both exchanges, responsible for a combined net buy of over 30.5 billion VND (1.5 million USD) worth of shares.-VNA